Lenovo Has Selected GEP Smart AI-Driven Procurement Software For Its Direct Spend and To Enable Global Procurement Transformation

GEP, a leading provider of procurement software and services to Fortune 500 and Global 2000 companies globally, announced today that Lenovo, a prominent global technology company, has chosen GEP SMART, the industry's top procurement software platform, after a thorough selection process.

Lenovo is a US$60 billion revenue global company based in Hong Kong that operates and serves clients in 180 countries. Lenovo will use GEP SOFTWARE to serve its global sourcing requirements and vendors for all direct spending. In addition, GEP SOFTWARE will offer a complete range of cloud-native solutions to support Lenovo's ongoing strong growth and innovation, GEP SOFTWARE will offer a comprehensive range of cloud-native solutions to Lenovo's:

• Complex direct global sourcing requirements can be met by GEP SMART's sourcing and project management capabilities.

• Comprehensive supplier performance assessment, information management, and risk management are used to reduce risk and drive value across the company's global supply chain.

• Specific criteria must be met to continue to provide better technological solutions and services.

GEP SMART is a unified, cloud-native source-to-pay platform based on a data-centric basis and user-first design. GEP SMART allows Fortune 500 and Global 2000 clients to achieve maximum ROI by driving maximum efficiency, agility, visibility, and actionable information into all procurement and buying processes while reducing burdensome infrastructure and support costs.

About GEP SOFTWARE
GEP SOFTWARE develops award-winning digital procurement and supply chain solutions that assist global enterprises in being more flexible, resilient, competitive, and profitable.

GEP offers users fresh, intuitive digital workplaces that deliver exceptional levels of user adoption and significant improvements in the team and personal productivity via beautifully rendered interfaces and flexible workflows.

GEP technologies are built to use machine learning, cognitive computing, advanced data and semantic technologies, IoT, mobile, and cloud technologies and are intended to incorporate ongoing technological advancements.

GEP's software rapidly and simply interfaces with third-party and legacy systems such as SAP, Oracle, and other major ERP and F&A software. GEP is also an industry leader in customer happiness and loyalty due to its better support and service.

GEP's cloud-native software and digital business platforms have regularly won awards and recognition from industry analysts, research companies, and media sources such as Gartner, Forrester, IDC, Procurement Leaders, and Spend Matters.

GEP SOFTWARE is a division of GEP, a Clark, New Jersey-based company that is the world's leading provider of procurement and supply chain strategy, software, and managed services.